Asia Week Ahead: China Trade To Reveal Recovery Pace
Regional central banks take center stage in the week ahead. Also expect key economic data from Asia's top growth engines
Regional central banks take center stage in the week ahead. Also expect key economic data from Asia's top growth engines
Bareksa.com - First to China, where we get the latest health check on the country's crucial trade sector on Monday (September 8). After a shaky start this year, the sector is showing signs of recovery.
Remember in July, China posted a record trade surplus of some $47 billion dollars -- that's thanks to strong exports to key markets like the U.S. and European Union. Still, officials aren't convinced that hitting the annual trade growth target will come easy.
On Friday (September 12), South Korea will probably hold fire after lowering the country's interest rate for the first time in over a year. The interest rate cut in August reflects a dramatic shift in policy amid government pressure to revitalize growth.
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It's led some to question the independence of South Korea's central bank. The focus is also on India on Friday (September 12).
Just how much progress has the county's so-called '007' central bank chief, Raghuram Rajan made in reducing inflation? We'll find out with the release of the consumer price index for August.
India's consumer inflation spiked in July to a two-month high of 7.9 percent mainly because of higher food prices. That's a near two percent drop since Rajan took over in September last year.
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